Fannie Mae (FNMA)

[Steelhead9]

In one year's time, Fannie Mae's share price plunged from over $60 to 20 cents, as you note. The price assigned to warrants in the SPSPA was not an aberration. As for "The Most Profitable Companies in the World"... both companies were losing their ass at the time C-ship was declared. Context matters.

Should we consider the question of cause and effect? Was the dramatic price drop a product of the conservatorship, or was the conservatorship a product of the dramatic price drop? We know what the government would say, but what is the truth? Perhaps the answer to that question exists within the 11,000 documents.